Reward the
Superstars.Reward individual performance
that exceeds agreed upon standards. Move the non-producers into
administrative positions, or replace them...
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Google: 10 Golden Rules

Cater to their every need. As Druckersays, the goal is to "strip away everything that gets
in their way." We provide a standard package of fringe benefits,
but on top of that are first-class dining facilities, gyms,
laundry rooms, massage rooms, haircuts, carwashes, dry cleaning,
commuting buses – just about anything a hardworking engineer
might want. Let's face it: programmers want to program, they
don't want to do their laundry. So we make it easy for them to
do both...

Reward idea generation.People want to know their ideas make a difference.
Recognition and rewards
motivate
and encourage people to participate and make quality contributions.
They also demonstrate management commitment to the innovation
program and to the employees...
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Rule 5:Appreciate everything your
associates do for the business.
A paycheck and a stock option will buy one kind of loyalty. But
all of us like to be told how much somebody
appreciates what we do for them. We like to hear it often, and
especially when we have done something we're really proud of.
Nothing else can quite substitute for a few well-chosen, well-timed,
sincere words of praise. They're absolutely free
–
and worth a fortune...
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Successful Incentive
Program

A successful incentive program will not only
increase profits but can also raise morale and inspire
staff loyalty. Your program should include all the three greatest
incentives:

"There are two things people want more than sex
and money... recognition and praise." – Mary Kay Ash, Founder, Mary Kay Cosmetics

"People want to feel what they do makes a
difference." – Frances Hesselbein, President, The Drucker
Foundation

5 Characteristics of a
Winning Team

Rewards:The greatest team management principle
is that the things that get rewarded get done. You get what you reward.
Rewards include doing the things people enjoy doing, recognition, and money.
By rewarding collective achievements you inspire and promote
teamwork...
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Using Innovation Metrics to
Define Right Incentives

Modern innovation metrics, such as Return on Innovation Investment (R2I),
aid in evaluating and rewarding new product teams and establishing a
credible link between new product performance and corporate incentives...
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"At Dell, every employee's incentives and
compensation are tied to the health of the business. We explained
specifically how everyone could contribute: by reducing cycle times,
eliminating scrap and waste, selling more, forecasting accurately,
scaling operating expenses, increasing inventory turns, collecting
accounts receivables efficiently, and doing things right the first time. And
we make it the core of our incentive program for all employees."3

Among other incentives, Dell Inc. gives every
employee a week off at Christmas and 10 paid days a year for a personal use.

Growth
Risk: "The more you
measure and
motivate
based on innovation, the less likely you will have a truly innovative
culture."– Stephen Shapiro...
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Case in Point Canon

A unique feature of Canon's
suggestion
system is the lifetime cumulative award system. Each suggestion is
given a certain number of points, and every year President's Awards
are given to the 20 people who have accumulated the most points
since the system's inception. Each recipient receives a certain
amount of money and a gold medal. Since this can get a bit
repetitious, there are also Presidential Awards for the most points
in a given year, the top 30 people receiving a smaller amount of
money and silver medals